Aarkstore Enterprise -Consumer Targeting in Alcoholic Drinks: Effective marketing and innovation strategies by gender, age, price and occasion
- Issued By: Aarkstore Enterprise
- City / State: Navi Mumbai
- Phone: +919272852585
- Company Website: www.aarkstore.com
- Submitted: October 27, 2010 2:48 pm
FOR IMMEDIATE RELEASE
Navi Mumbai, October 27, 2010:
Consumer Targeting in Alcoholic Drinks: Effective marketing and innovation strategies by gender, age, price and occasion
If the alcoholic drinks market had to be summarised with a single threat and a single opportunity it would arguably be these: declining consumption in developed markets; and increasing consumption among the expanding middle classes of emerging markets. Tackling both can be helped with smart consumer segmentations. Alcoholic drinks companies are using these to improve the targeting and take-up of their products, as well as to find the common ground between segments that permit the creation of truly mass global (or at least continental) markets.
In order to counter/benefit from these trends, marketers are appealing to ever more specific consumer segments, as well as boosting the value of sales through premiumization strategies. But in each segmentation covered by this report, there are trends towards homogeneity and trends towards specificity. For instance, to pursue: male and female products versus unisex marketing; youth and senior products versus ageless marketing; Hispanic marketing versus appealing to Mexican immigrants and Caribbean culture separately.
This report provides data on the percentage of consumption accounted for by different demographic groups (by gender, age and income band). It demonstrates how product development targeted towards these different groups is being pursued. And it draws out the key trends that are shaping the future of consumer segmentation in this market.
Key features of this report
• Breakdown of beer, wine and spirits consumption by the most important demographic and income groups.
• Analysis of almost 3,000 launches of targeted alcoholic drinks that took place globally between 2005 and the start of 2010.
• Chapter-by-chapter evaluation of alcoholic drinks launches targeted at different gender, age, ethnic and interest groups.
• Identification of trends in the economy, premium, super-premium, ultra-premium segments – in beer, wine and spirits and across both developed and emerging markets.
• Identification of the key recent trends shaping the market, as well as an evaluation of the next trends likely to become apparent over the coming five years.
• Descriptions and photos of the most noteworthy targeted alcoholic drinks launched over the last five years.
Key benefits from reading this report
• Understand how the myriad of products launched in this market fit together and relate to each other.
• Compare your portfolio and NPD pipeline against the healthier drinking benchmarks set out in the report.
• Prompt your marketing and NPD teams with product ideas from around the world.
• Set goals and objectives for your company’s new product development pipeline.
• Understand the absolute and relative size of each potential consumer segment.
• Prioritise the product and geographical markets best suited to your brand portfolio.
Key findings of this report
Men account for 64% of alcoholic drinks consumption; women for 36%. Within this total men account for 71% of beer consumption and 64% of spirits consumption, while women consume just a shade over half of the world’s wine.
The most significant degree of under-consumption in alcoholic drinks is of wine by young adults. This is starting to change as wine companies target this market, just as spirits companies rather successfully started to do 15 years ago.
Young adults receive the most marketing attention, but those aged 25-34 account for 23% of overall consumption, as do those aged 35-44. People in the 45-54 age group drink 17% while those aged 55+ drink 22%.
The US Hispanic population is the ethnic group most targeted by alcoholic drinks companies. But even within this group there are subtle sub-segments, such as Mexican immigrants, that respond to even more targeted marketing.
Across all alcoholic drinks markets in the world, the top fifth of income earners accounts for 28% of consumption and the bottom fifth for 13%. Therefore, on average, the richest consume twice as much as the poorest.
Over the last thirty years the proportion of alcoholic drink product launches that are premium and above has doubled from around one in 10 to around one in five. There are cycles of activity with annual highs of between 35% and 40%.
Key questions answered by this report
• How will marketers seek to develop economies of scale over the next decade?
• What is the future for demographic marketing in alcoholic drinks?
• Why have sales of premium products been growing, even during a recession?
• What happens when buoyant economic growth returns?
• Which price segment is forecast to grow most over the next few years?
For more information, please contact :
Contact : Minu
Tel : +912227453309
Mobile No: +919272852585
Email : email@example.com
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